Surviscor Canadian Online Brokerage Fees Review

The Cost of Services review explores the various commission structures, both activity-based and trade frequency, offered to DIY investors to perform digital trades and the general costs to manage a self-directed discount brokerage digital-based account.

What we Measure and The Deep Dive that Differentiates.

# Investor profiles

We look at 5 different account equity levels snd 5 monthly trade levels-based investor profiles, each weighted to its importance within the industry user composition.

# of Transactions/Firm

Nobody in their right mind would look at over 13,000 transactions per firm right? Well, we must be 'not right'. How else can you truly know where a firm stands with all of the small print and marketed lowest fees.

# of Sub-categories

The further drilldown is into both CDN and US transactions and fees in each category as well as the impact of liquidating and non-liquidating stock/equity transactions to determine the 'hidden' ECN fees that may exist.

# of Categories

The main categories under review are Stock/Equity transactions; Options transactions; ETF transactions; Account Interest paid and charged; and General Account Fees.

Cost of Services Review - Experience Categories

The Cost of Services categories explore the various trades by instruments and account fees associated with the typical DIY investing experience, focusing on 10 different and unique profiles for each trade and account fee. The catgeories are:

Equity / Stock Commissions

The category explores over 12,600 equity orders, including over 6300 CDN and 6300 US buy and sell orders, at various price and volume levels. ECN fees are applied where applicable.

ETF Commissions

General Account Fees

Option Commissions

Account Interest

Our Latest Results

Industry Rank Brokerage Firm Peer Score Strongest Results
1 Desjardins Online Brokerage 83% Option Commissions
2 HSBC InvestDirect 79% Equity Commissions
3 CIBC Investor's Edge 78% Equity Commissions
4 National Bank Direct Brokerage 72% ETF Commissions
5 Qtrade Investor 64% Equity Commissions
6 Virtual Brokers 59% ETF Commissions
7 Scotia iTRADE 58% Account Interest
8 TD Direct Investing 58% Account Interest
9 RBC Direct Investing 57% Account Interest
10 BMO InvestorLine 57% Account Fees
11 Questrade 56% ETF Commissions

Recent Surviscor Press Coverage